Saudi Arabia’s artificial intelligence company Humain has invested $3 billion in Elon Musk’s xAI as part of its Series E funding round, shortly before the AI startup was acquired by SpaceX.
The investment gives Humain a significant minority stake, which has since been converted into shares in SpaceX following the consolidation between Musk’s AI venture and his space company.
The move reflects Saudi Arabia’s strategy to expand its role in the global AI sector and reduce economic reliance on oil by investing in emerging technologies. It also builds on an earlier partnership announced between Humain and xAI to jointly develop 500 megawatts of AI data center infrastructure.
xAI had previously raised $20 billion in its Series E round earlier this year as it accelerated efforts to expand its AI models and computing capacity amid competition from major industry players.
The acquisition by SpaceX marks a broader integration of artificial intelligence capabilities with advanced aerospace and infrastructure ambitions.
